Welcome to the Monthly Market Report for October 2021. We want to give you the insights that you need to help confidently make the best decisions when buying and selling a home. We are your real estate advisors.
“Fall is usually the start of the slower season for the housing market, but nothing is usual in today’s pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and consequently rushing back into the fray.
Mortgage applications to purchase a home jumped 7% last week from the previous week. . . . That is the highest level since April of this year. ”
– Diana Olick
CNBC’s Real Estate Correspondent
Here are the 3 most important takeaways you need to know right now:
- Home Sales – It’s become challenging to forecast home sales for the rest of 2021.
2. Price Appreciation – Experts anticipate price appreciation to decelerate later this year.
3. Household Wealth – Homeowners are expected to see major gains in equity over the next five years.
Read all the details and download your complimentary Housing Market Update for October 2021 now. 👇
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